Paraiso Residence, located in Bukit Jalil, Kuala Lumpur, is a condominium project developed by WZR Property Sdn Bhd.

The project consists of 2 blocks with 764 units and was completed in June 2022. The units range from 960 sqft to 1,226 sqft, with prices starting from RM499k for the 960 sqft units

Sub-Sale Market Analysis

1. Transactions:

Price Range: The sub-sale prices for Paraiso Residence units range from approximately RM479,000 to RM700,000, depending on the unit size and type. The built-up areas include 960 sqft, 1,101 sqft, and 1,226 sqft, with prices starting from RM499k, RM578k, and RM607k respectively[3][4].
Market Trends: The property market in Bukit Jalil has seen significant development, with Paraiso Residence being part of The Earth project, which aims to transform the area into Kuala Lumpur’s second business hub[1].
Rental Yield: The fully-furnished 960 sqft unit generates the highest gross rental yield at 5.8%, which is above the generally accepted market average of around 5%[4].

2. Rental Prices:

Rental Prices: The rental prices for Paraiso Residence units vary, with listings showing prices around RM2,500 to RM2,900 for a 1,226 sqft unit[2].
Room Rentals: For shared accommodations, room rentals within Paraiso Residence range from single rooms to master rooms, with prices varying based on the duration of the lease and amenities provided[5].

3. Key Points:

Location: Strategically located near the Pavilion Bukit Jalil City and with easy access to LRT stations (Alam Sutera and Kinrara BK 5), making it convenient for residents[1].
Amenities: Includes an infinity pool, multipurpose hall, proposed kindergarten, shops, 24-hour security services, and high-speed internet and WiFi throughout the property[1].
Educational and Recreational Facilities: Close to educational institutions like the International Medical University (IMU) and recreational spaces such as the Bukit Jalil Recreational Park[1].